Punj Lloyd Ltd, a diversified international conglomerate based in India is seeking investment opportunities in Rwanda particularly in infrastructure, energy and health.
As part of their working tour in the country, the chairman of the company Atul Punj yesterday met with President Kagame at Village Urugwiro.
Speaking to the media after the meeting, the Minister of Commerce and Economic Planning, John Rwangombwa said that the government was glad that the investors would put their money in the energy sector.
He disclosed that the government would soon sign a memorandum of understanding with Punj Lloyd to enable the company to begin operations in less than two years.
On his part, Atul Punj expressed surprise on the government’s strong emphasis in attracting foreign investment. “Rwanda frankly is a pleasant surprise to us. I have been surprised by what I have seen. The efficiency of the government agencies in attempting to attract foreign investment is very good.”
“Your civic sense as a country is unimaginable as an African or even Asian country and I believe that it is the efficiency of the government system that is pulling us here more than the size of the market,” Punj added.
He further underscored the country’s investment in ICT. “What attracted us is the first class technology and good atmosphere for the investment,” he added.
Punj Lloyd Ltd Punj Lloyd Ltd has operations spread across the Middle East, Africa, the Caspian, Asia Pacific and South Asia with its headquarters based in India.
The conglomerate offers engineering, procumbent and construction (EPC) services in energy and infrastructure along with engineering and manufacturing capabilities in the defence sector.
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